If you are a booth renter or Salon Owner you are considered to be self employed! The IRS has certain guidelines for taxes as it relates to self employed individuals. You also need to make sure that you work with an accountant who understands taxes for the Cosmetology & Barbering Industry. There is an Accountant/Accounting Firm that many Booth Renters and Salon owners use who is very knowledgeable about the Beauty Industry and as done a fantastic job of keeping Beauty Industry Professionals straight with their taxes. The Accounting firm is IMG Financial Services. (Ask for Ivory Mims)

To view the IRS’s Self Employed Individuals Tax Center Click Here.